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Mitek Systems Inc (MITK.OQ)

MITK.OQ on NASDAQ Stock Exchange Capital Market

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2 Dec 2016
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Summary

Name Age Since Current Position

James DeBello

57 2016 Chairman of the Board, President, Chief Executive Officer

Russell Clark

47 2013 Chief Financial Officer, Secretary

Stephen Ritter

2016 Chief Technology Officer

Kalle Marsal

2016 Chief Marketing Officer

Peter Salkowski

2013 Managing Director

Michael Diamond

51 2013 Chief Revenue Officer

Bruce Hansen

56 2016 Lead Independent Director

William Aulet

58 2015 Independent Director

Vinton Cunningham

79 2005 Independent Director

James Hale

64 2014 Independent Director

Alex Hart

75 2011 Independent Director

Biographies

Name Description

James DeBello

Mr. James B. DeBello is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. DeBello has served as a director since November 1994 and as Mitek’s president and Chief Executive Officer since May 2003. He created and implemented the company’s successful strategy to enter the emerging mobile capture and ID verification markets which has generated significant shareholder value over the last decade. He is co-inventor of the company’s flagship Mobile Deposit™ product and is named on five of its patents. He is widely credited for creating the mobile check deposit market in the financial industry. DeBello holds a BA, magna cum laude, from Harvard University and an MBA from the Harvard Graduate School of Business, and was a Rotary Scholar at the University of Singapore where he studied economics and Chinese.

Russell Clark

Mr. Russell C. Clark is the Chief Financial Officer, Secretary of Mitek Systems, Inc. Mr. Clark has served as our Chief Financial Officer since October 2011 and as our Secretary since February 2013. Prior to joining Mitek, from July 2006 to June 2011, Mr. Clark served in various roles, most recently Senior Vice President, Finance, at Epicor Software Corporation, a leading global provider of enterprise business software solutions for midmarket-sized companies. While at Epicor, he provided financial leadership in connection with raising growth capital, consummating acquisitions, better aligning Epicor’s operating expenses with its revenues and executing the sale of Epicor to APAX Partners, a private equity firm. From August 2004 to June 2006, he served as Chief Accounting Officer at Peregrine Systems, Inc., a global provider of enterprise software for information technology service and asset management, where he provided financial leadership in connection with the successful turn-around of Peregrine and its sale to Hewlett-Packard Company. From August 2002 to August 2004, he served as Vice President, Finance and Corporate Controller of FICO (formerly Fair Isaac Corporation), a global provider of enterprise analytic software solutions and credit scores, where he was a key member of the team that consummated the merger of FICO and HNC Software Inc., a global provider of enterprise analytic software, and was responsible for integrating the operations of those companies following the merger, as well as playing a key role in other acquisitions. From January 2000 to August 2002, Mr. Clark served in various roles, including as Senior Vice President, Corporate Finance, at HNC Software Mr. Clark earned a bachelor’s degree in business administration with an emphasis in accounting with highest distinction from The University of Iowa and is a certified public accountant.

Stephen Ritter

Mr. Stephen Ritter is Chief Technology Officer of the company. He has held senior leadership roles in product development, architectural implementation and engineering operations.  He served as Vice President of Engineering at Websense and Sr. Director of Engineering at McAfee. " As global companies look for ways to engage with customers in the mobile channel, Mitek is perfectly positioned to create fast, easy and secure processes that will enable the mobile revolution," said Ritter. " I am excited to lead the Mitek Labs and engineering teams, and help create the future of mobile commerce." Stephen Ritter holds a BS in Cognitive Science from the University of California, San Diego. He has co-authored eight patents.

Kalle Marsal

Mr. Kalle Marsal has been appointed as Chief Marketing Officer of the Company. Marsal comes to Mitek from HP, where he served in numerous executive roles driving product marketing and business development for several new businesses and markets. Marsal was a leader within the new ventures group at HP, where he developed a $200+ million business operating in 20 countries in five years. Prior to HP, Marsal worked for multiple fast-growing technology startups as well as Bain & Company. In addition to his professional accolades, Marsal has a master's degree in business administration from Stanford University Graduate School of Business, where he was honored as an Arjay Miller Scholar – a recognition awarded to the top 10 percent of the class. He also holds a master's and a bachelor's degree in industrial engineering from Stanford University.

Peter Salkowski

Michael Diamond

Mr. Michael E. Diamond is the Chief Revenue Officer of Mitek Systems, Inc., since September 2013. From June 2012 until September 2013 he served as our Senior Vice President, Sales and Business Development. Prior to joining Mitek, from March 2008 to June 2012, Mr. Diamond served as Senior Vice President, Business Development, at Obopay Corporation, a global mobile payments company. From July 2004 to March 2008, he served as a Business Unit Executive at IBM Corporation. From January 2001 to July 2004, Mr. Diamond served as Vice President, Business and Corporate Development, at Alphablox Corporation, a provider of software for web-based enterprise analytics, and was directly involved in shaping and driving Alphablox’s acquisition by IBM Corporation. From November 1999 to January 2001, Mr. Diamond served in various roles, including Senior Vice President Business Development/General Manager, Latin America and Japan, at S1 Corporation, an online financial services provider. From March 1996 to November 1999, Mr. Diamond served in various management roles, including as Director, Channel Sales, at Edify Corporation, a provider of interactive voice response and online financial services software. Mr. Diamond earned a bachelor’s degree in business administration with an emphasis in international business from St. Norbert College.

Bruce Hansen

Mr. Bruce E. Hansen is Lead Independent Director of the Company. Mr. Hansen has served as a director since October 2012 and prior to that was on Mitek’s advisory board for two years. He co-founded ID Analytics Inc., a consumer risk management company, and served as its Chairman and CEO from its inception until it was acquired by LifeLock, Inc. in 2012. He currently serves on the boards of Verisk Analytics (NASDAQ: VRSK), Performant Financial Corporation (NASDAQ: PFMT), and Zyme Solutions, Inc. Mr. Hansen holds a BA in economics from Harvard University and an MBA from the University of Chicago.

William Aulet

Mr. William K. "Bill" Aulet is an Independent Director of Mitek Systems, Inc. Since 2009, he has served as the managing director in the Martin Trust Center for MIT Entrepreneurship at MIT. From 2005 to 2009, Bill was a Senior Lecturer and Entrepreneur in Residence at the MIT Sloan School of Management. From 2003 to 2005, he served as Senior Vice President and Chief Financial Officer of Viisage Technology, a security technology company with a dual focus in the areas of drivers’ licenses and facial recognition. From 1996 to 2002, he served as President and Director of SensAble Technologies, a provider of force-feedback haptic devices and touch-enabled 3D modeling software solutions. Prior to joining SensAble, Mr. Aulet started his career at IBM as a Systems Engineer and then was rapidly promoted through various jobs where he gained training and experience in technical, marketing, sales, financial and international business operations and management. His last job was the Finance and Planning Manager for the IBM New England Region. Mr. Aulet holds a bachelor’s degree in engineering from Harvard University and a Masters in Management Science from the MIT Sloan School of Management. Mr. Aulet is a member of the board of directors of XLhybrids, a private company based in Massachusetts. Mr. Aulet is also a visiting Professor at University of Strathclyde (Scotland). Mr. Aulet’s experience in technology entrepreneurship, and specifically his experience in document and facial recognition, makes him well qualified to serve on the Board.

Vinton Cunningham

Mr. Vinton P. Cunningham is an Independent Director of Mitek Systems, Inc. Mr. Cunningham has served as a director since May 2005. He served as Senior Vice President Finance of EdVision Corporation, a provider of curriculum development and assessment tools for the education community, from 1993 until his retirement in 2002. Mr. Cunningham was Chief Operating Officer and Chief Financial Officer of Founders Club Golf Company, a golf equipment manufacturer, from 1990 to 1993. He was Vice President Finance of Amcor Capital, Inc., a company that organized and managed real estate syndications, from 1985 to 1990. Mr. Cunningham was Chief Financial Officer and Treasurer of Superior Farming Company, a wholly owned subsidiary of Superior Oil Company, a grower of various fruits, vegetables, nuts and cotton in California and Arizona, from 1981 to 1985. Mr. Cunningham holds a B.S. in accounting from the University of Southern California.

James Hale

Mr. James C. Hale III is an Independent Director of Mitek System, Inc. Mr. Hale has served as a director since November 2014 and served as a member of our advisory board from September 2012 to November 2014. In 1998, he co-founded FTV Capital, which manages over $1.7 billion in growth equity funds. Mr. Hale served as managing partner of FTV Capital from 1998 through 2007. Mr. Hale has three decades of management experience in private equity investing and commercial and investment banking and prior to founding FTV Capital, Mr. Hale served as Senior Managing Partner and Head of the Financial Services Group at Montgomery Securities from 1982 to 1998, and as a member of the corporate planning and development group at Bank of America from 1978 to 1982. Mr. Hale currently serves on the boards of directors of Bank of Marin and Loyal3 and was a member of the board of directors of the National Venture Capital Association, San Francisco Venture Capital Forum, Duke University Management Company, and the Investment Committee of University of California Berkeley Foundation. In addition, Mr. Hale recently served as Chairman of the board of directors at Official Payments Holdings, Inc. until its acquisition in 2013 by ACI Worldwide, a leading international provider of electronic payment systems. Mr. Hale holds a B.S. from the University of California at Berkeley, an MBA from Harvard Graduate School of Business and is a Certified Public Accountant.

Alex Hart

Mr. Alex W. Hart is an Independent Director of Mitek Systems Inc., since February 2011. Mr. Hart has served as a director since February 2011. In April 2012, he retired as Chairman of the SVB Financial Group and has worked as an independent consultant in the financial services industry since 1997. He served as Chief Executive Officer of Advanta Corporation, a public diversified financial services company, from 1995 to 1997, where he had previously served as Executive Vice Chairman from 1994 to 1995. Prior to joining Advanta, he was President and Chief Executive Officer of MasterCard International, a worldwide payment service provider, from 1988 to 1994. Mr. Hart currently serves as an advisor to a number of private companies, including Cimbal Technologies and US Encode. Mr. Hart is currently a member of the board of directors of VeriFone Holdings, Inc., an electronics company. He is also a director of BrightVolt, previously known as Solicore, Inc., a privately held battery manufacturer. In addition to SVB Financial, Mr. Hart has also previously served as a member of the board of directors of the following companies: Global Payments, Inc., FICO, Inc., HNC Software Inc., Retek Inc., Shopping.com, Sanchez Computer Associates, US Encode, eHarmony.com and Sequal Technologies, Inc. Mr. Hart holds a B.A. in social relations from Harvard University. As an experienced leader in the financial services industry, Mr. Hart combines extensive general business expertise with a deep knowledge of the financial services and payments industry.

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